Oil Gyrates As Iran Rumors Stoke Volatility

摘要

Oil futures fell Thursday but settled well above session lows as the market absorbed reports the US later denied of an imminent dealthat could see Iranian crude return to market. In London, Brent crude for August delivery dropped 99 cents to settle at $75.96. In New York, July West Texas Intermediate (WTI) on Nymex closed $1.24 lower at $71.29.